The formation of a corporation with limited liability for its stockholders and contractual arrangements like insurance are strategies to:
A)transfer risk.
B)avoid risk.
C)retain risk.
D)retain risk with loss control.
E)assume risk.

Question

Quizplus · Accepted Answer

The formation of a corporation with limited liability and the use of insurance are strategies to transfer risk from individuals to the corporation or insurer.

The Formation of a Corporation with Limited Liability for Its